How to identify reliable volume :( part 1)
volume bar is show chart down side , volume bar some times high and some time low because
volume increase and decrease volume and then stocks and other instrument price up and down , volume bar is calculated particular candles and particular time in how many buying and selling in stocks , i mains 5 candles ans 15 candles time fame made after volume bar show in that times decide how many volume recently times if volume increase and decrease ,
volume bar indicators indicate volume , how to reliable volume find is simple , go to indicate settings and plot indicator EMA setting close 20 , then after show 20 ema up volume is reliable volume and 20 bellow volume is no trade or no coming movement , 20 ema up volume and campier to this times candles and mark high -low candles, this candles high brake up and down side trade buy and sell sides and sl opposite side high - low closing candles ,
volume bar with bank nifty analysis for information purpose by chart
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volume bar reliable volume show the candles in chart , every reliable volume candles mark in number icon, every number candles provide lots of information , discuss chart bellow side in chat
1. candles no 1 is first candles today , and market opens 15 to 20 minutes volatility high and volume bar 20 Ema up but avoid trade because market opening period market move hear and their chances high for taping, but mark volume high and low and price high- low
2. 1 candles move up side but not subtend above and not hold up side because buyer give the strength of bears and drop down price
3. candles 2 ,3,4,5, volume bar high but not Evan brack high and low
4. candles 6 no is very strong and vary reliable volume and then high brack reedy for up side strong move
5. candles 7 to 8 between candles not volume market is side ways
6. no. 9 candles red volume is 20 Ema but support 6 candles high levels , 9 candles low is vey important is very strong support , candles 9 bearish attempt to bear price down side but buyers pullback up sides
7. candles 10 and 11 volume candles buy not cross 8 privies candle high
and than support and resistance 8 candles high and 6 candles high support area 10 and 11 candles is up and down but no strength
8. candles 12 is high brack 8 candles and move up and make strong up 13, 14 candles
9. candles 15 move down but support to candles no.8
10. candles no 16 and 17 strength down side and brack 8 candles high level that sell side entry trade
11. 16 to 21 candles make weakness of market price down finally brack 6 high and 9 candles low
12. 22 candles down side move and 23 pull back up side it new support and resistance zone
13 .25 candles again pulls back down side
conclusion
volume candles high low mark and and analysis market what doing hear and entry small sl and big target price , and last move is very big move 16 to 23 candles take lots of profit
next other example next part for volume analysis next day in How to identify reliable volume part 2
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thank you .............